MW: Oil prices to rise to $130 a barrel by 2030: EIA
Light, sweet crude oil prices are expected to rise to $110 a barrel in 2015 and $130 a barrel in 2030, the Energy Information Administration predicted in a report released Wednesday. Global oil demand will grow to 91 million barrels a day in 2015 and 107 million barrels a day in 2030, the EIA said in its annual report on the international outlook for energy. Global oil supply will rise to 106.6 million barrels a day by 2030. The EIA also said natural gas consumption will increase to 153 trillion cubic feet in 2030. The EIA's prediction is based on a scenario in which current laws and policies remain unchanged throughout the projection period.
